FTX CEO, John J. Ray III, testifying before Congress.

Nathan Howard / Stringer

New FTX CEO John J. Ray III said there was an "absence of record keeping" at the crypto company.  He noted that FTX used the accounting tool QuickBooks, an unusual for a multibillion-dollar company. The remark was reminiscent of a scene in "Breaking Bad," in which Skylar White says she uses Quicken.

The brightest minds of the world have long debated the question: Does life imitate art or does art imitate life?

On...

Continue Reading FTX CEO's bewilderment that company used QuickBooks for its accounting echoes a scene in 'Breaking Bad'